Friday, October 29, 2010

29.10.10


HOURLY CHART


FIBO CHART


REGULAR FLAT CORRECTION


53 comments:

AAR VEE said...

sorry musti,

the chart size seems to be fixed and not increasing.

it shows the fibo retrace as 5935 and 5820 as imp levels.

Sujatha said...

thanks for your "alert" as i suppose to ask you this "we almost made nearby 5935 so, shall we go for a small long from here with SL of low of today + yesterday's low too protecting". u did it by "telepathy" :) thanks a ton. now i am confident

musti1780 said...

So I am confused now
hold short or go long
Both are confusing me with RIL
It rises very fast today taking Nf with it.
One more rise & we will be naer to day high my sl

VMS said...

GM All,
Would Hrly NS 100 SMA = 6086.74cross over NS 200 SMA = 6074.57 ? IF s ,then more bearishish or if price cross over 200 SMA =6074,then its bulllish for swing trading.

OR can we sell if NS comes near 200 SMA with 100 SMA as SL ?

Sujatha said...

from yesterday's low fibo 23.6% coming around 6040 level. 38.2% is around 6085/90 this is if at all nifty crosses 5991.

musti1780 said...

Any body here trade in commodity?
Agri specially Soyabean?

AAR VEE said...

musti,

now replaced the fibo chart,u can double click to enlarge.

this seems to be no trade zone.either short below todays low.or go long above high as 6030 levels also near day 5ema.

better to stay out and let the situation resolve it self for a firm trend up or down.

Prabakar said...

hi all, just came back.

Good one Sujatha, i was reading the put'u vangalaio put' u and my wife was behind and liked it a lot.. LOL:)

AAR VEE said...

musti,

when in doubt stay out (till doctor has not prescribed trading as a life saving drug.:))

we will live another day.

Sujatha said...

Oh prabha - wife too trading :D good, good :) convey my regards to her

manu said...

rv..bhaiiiiiiiiiiiiii

u r my life trading drug..
my fat uncle wanna make u his portfolio manager..amount u say..

Prabakar said...

No Sujatha, she is not trading. appa appa tv parthittu, tips varum. avallavuthan..

AAR VEE said...

manu bhai

overdose of any drug is bad,:)

I am not qualified for the offer.

why pay when getting free!!

musti1780 said...

thx Rv just book out 1 lot
holding 1 more with day high sl

Sujatha said...

75% 6007
87% 5987
100% 5967
125% 5927

the above is GANN WEEKLY SUPPORT LEVELS

AAR VEE said...

taking a break for an hr.

AAR VEE said...

good musti,

u may short again if goes below 5960 or else just watch and enjoy

Sujatha said...

VMS - in other words "we can take it as a "false breakout" @ 5977 so, if 5977 protected then we may see surprise upside. totally if protect 5925 to 5966 +ve. we didn't touch L4 cam of INTRADAY. it protected that's an added advantage for"short term upside" let us see. how my observation working out.

aarvee - yep.. gng for breakfast?? :) eat well

VMS said...

There is weekly NS Cam L4 breakout @ 5977 for tgt L5 5903.

One more possibility is weekly NF tgt of FIBO 73 % of NF 5959.(october series levels)

Hope it wouldn't go below 5959 as NF is in premium of 42 pts over spot.
So Low-High FIBO 38 % NS 5935+42 =5977 would be first tgt for shorts.

piyush sharda said...

rv,

good going. manu u uncle is making wise decision. no doubt he bought at 3000 and part sold at 5650. waiting for ur fresh ew chart rv whenever u get time

musti1780 said...

Rv one more view
Can U rellok this C wave
I think Yesterday rally can be C-2 & downfall to wards 5955 May be C-3
As previously C-2 was so small.
Can U elaborate more over this point?

AAR VEE said...

musti,

have already taken this into consideration .reposting comment-
----------------------------------
AAR VEE said...
manu bhai,

nifty following the above post ,so not writing anything new.

Yesterday may have been 4th and we are in final 5th of the C but there is an alternative that it was only 2nd and some more downdise to be seen if closes below 5935.May be a damp diwali if happens so.

October 29, 2010 9:51 AM
-----------------------------------

let the price action resolve this issue,why hurry ,we will have a big rally when this C ends ,we can get 50-70 points above the bottom safely and ride waves (with s/l)

VMS said...

S sujatha,
Long possibility is there with small SL of 10-12 pts and tgt can be Daily NS H3 6016 and weekly L3 6021.

manu said...

ps..hi..
hw u knw aby my fat uncle..
he told me a key to get rich..donate 25%..annualy..and cross check it gets in right hands

AAR VEE said...

Hi PS,

how is ur EW study going.?

I will post the new chart may be on sunday.not much change as had posted the last one on 25th oct.pl. check.for me its the C down of the upmove since 5350.The correction is nearing the end ,may be today may be next week after diwali.

VMS said...

Daily support are NS 34 EMA =5978 ,45 EMA = 5921 , 50 EMA =5895.
Is Daily 34 EMA giving support as it hadn't broken since 14-06-2010. or would it break this time on closing basis ?these Levels to watch today.

Sujatha said...

appadi... aarveeeeeee -OOps. nifty showing little green- take a break

ennathan kuruvi vediya irunthalum adhanale parakavo, mutta podavo mudiyathu (hehe try to laugh)

Sriganeshh said...

RV,

i dont know much about technicals, somehow mind is telling nifty will visit 5816 levels....
will wait for your ew chart on sunday to further finetune my ichimoku...

sri

piyush sharda said...

hi rv,
going fine but its slow for me. c means it can be 5 or 3 also.
manu u once wrote abt him. noted his key to getting rich. its good.

Prabakar said...

Sujatha, you keep trading day alive.

Comment from home ministry, Great sense of Humour.

Would like to chat with you some time later..

manu said...

suj..hi
check mail

Prabakar said...

NF trying to go past 50% Fib.

Prabakar said...

NF trying to go past 50% Fib.

Sujatha said...

hi praba - ellam oru time pass than - enga pathalum ore technical mayam hence a break :) yeah let me try..sure nifty oru "100" point upside saravedi utta nalla irukum , ella month end appu vaikutho ennavo??

if 5988-91 protected then upto 6016/22 possible.

will check manu

AAR VEE said...

Hi Sri
not able to connect with u intraday,mismataching timimig.

going now
have a nice weekend.
trade safe.
bye all

Prabakar said...

Bye RV. Have a Nice weekend.

AAR VEE said...

sujatha wrote-
ennathan kuruvi vediya irunthalum adhanale parakavo, mutta podavo mudiyathu (hehe try to laugh)

aarvee wrote-
என்னதான் குருவி வெடிய இருந்தாலும் அதனாலே பரகவோ,முட்ட போடவோ முதியது

and i am laughing LOL

bye all,take care

manu said...

rv:translate

Sujatha said...

enna emsapa edhu? yella 'stage"leyum adalam, anaka "coma stage" la ada mudhiyathu..."nifty ennum coma-leya erukka?? enna? eppdi javvu mittai mathiri :P

manu said...

wait : i will do in punjabi:)

Sujatha said...

coma... continuing.. deeplyyyyyyy??

Prabakar said...

sujatha, no chance laughing like anything. Thanks a lot.

Laughing is a best medicine..

and your puttu proving now

manu said...

rv.. v below days low..can take ashort

Sujatha said...

aarvee - big applause to you your level done .

now what closing level is +ve for next week???

Prabakar said...

Sujatha, Yesterday your villian jumped like anything, Will he be tired or in full flow today also as sir points towards 5850

musti1780 said...

@ Rv 5935 almost done
Great job buddy
But I feel more downside left
Lets see yt it unfolds
AT present no position
Waiting for ur reply yt u think nxt
Or either short below 5930 only now

musti1780 said...

Illango sir Give Buy Msg
Going long @ 5980 sl-5935
Big sl but trade with sir

musti1780 said...

Illango sir Give Buy Msg
Going long @ 5980 sl-5935
Big sl but trade with sir

Sujatha said...

appadi podu, podu, podu, asathipodu kannale.. entha attam podhuma ennum konjam venuma??

Sujatha said...

mok, aarvee - again the favourite 6K levels :D if 6100 touches sure.. nov. series will rock

Prabakar said...

Sujatha, nice way to say Happy weekend.

Hope mok, rv, manu, piyush everyone enjoyed the market with you.

Wish you a very happy weekend.. :)

piyush sharda said...

bye all. yes prabhakar u r right.-)

mo k said...

aha, big action today, and i was not there... :)

RV, good post. but i am seeing it only now. Thanks.

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